Usio (NASDAQ:USIO) Trading Down 6.2% – What’s Next?

Usio Inc (NASDAQ:USIO)’s stock price traded down 6.2% during trading on Wednesday . The stock traded as low as $2.55 and last traded at $2.57. Approximately 192,149 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 599,505 shares. The stock had previously closed at $2.74.

Analyst Upgrades and Downgrades

USIO has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Usio from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Usio to a “hold” rating in a report on Saturday, July 25th. LADENBURG THALM/SH SH increased their target price on Usio from $6.25 to $6.75 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Zacks Research upgraded Usio from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.38.

Usio Stock Performance

The firm has a fifty day moving average price of $2.41 and a 200 day moving average price of $1.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.10. The stock has a market cap of $69.83 million, a PE ratio of -40.83 and a beta of 1.34.

Usio (NASDAQ:USIO) last announced its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter. Usio had a negative return on equity of 8.20% and a negative net margin of 1.63%.The firm had revenue of $23.68 million for the quarter, compared to the consensus estimate of $23.67 million.

Hedge Funds Weigh In On Usio

Hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. acquired a new position in Usio during the 1st quarter valued at approximately $3,202,000. Rothschild Wealth LLC acquired a new stake in shares of Usio during the fourth quarter worth $563,000. North Star Investment Management Corp. acquired a new stake in shares of Usio during the first quarter worth $205,000. BlackRock Inc. purchased a new stake in shares of Usio during the second quarter valued at $277,000. Finally, Scoggin Management LP purchased a new stake in shares of Usio during the third quarter valued at $114,000. 20.23% of the stock is owned by hedge funds and other institutional investors.

About Usio

Usio, Inc (NASDAQ: USIO) is a financial technology company that delivers integrated payment, transaction processing, and money services solutions. The company’s platform combines merchant acquiring, multi?rail payment enablement and business management tools to support merchants, financial institutions and business partners in automating and securing electronic and cash?based transactions.

Through its subsidiaries, Usio provides a broad range of products and services, including point-of-sale terminals, payment gateway services, automated teller machine (ATM) processing, bill payment, money order issuance, domestic and international money transfer and remittance solutions.